The 57-year-old actor will take to the stage on March 2 at the Dolby Theatre in Hollywood to hand out a prize at the ceremony which will be hosted by Ellen DeGeneres.

Waltz won the Best Supporting Actor Award for playing Dr King Schultz in 'Django Unchained' last year and was previously applauded for Quentin Tarantino's 2009 hit film 'Inglourious Basterds', where he starred alongside Brad Pitt and Michael Fassbender.

Others stars who will present include five time Oscar-nominee Daniel Day-Lewis, Jennifer Lawrence and Anne Hathaway.

Day-Lewis took home the third Oscar of his career last year for his performance as President Abraham Lincoln in Steven Spielberg's 'Lincoln', making him the first person ever to win the Best Actor award three times in the history of the Academy.

While screen beauty Lawrence - who won an Oscar for widow Tiffany Maxwell in David O.Russell's 'Silver Linings Playbook' in 2013 - has been nominated for Best Supporting Actress for 'American Hustle' at this year's ceremony.

And Hathaway - who co-hosted the ceremony with James Franco in 2011 - won the Best Supporting Actress award last year for her role as Fantine in Tom Hooper's 'Les Misérables'.